Why is Equity Searchs fee system different from the service firms that bill on an hourly basis?
Unlike many professional service firms, Equity Search does not bill on an hourly basis, or draw its fees from sizable retainers left on deposit. Charging on an hourly basis, except in rare circumstances, places clients at a disadvantage by creating a new liability at a time when most are often already facing difficult financial circumstances. Hourly billing results in an unpredictable total monthly bill, creating uncertainly as to monthly cash flow requirements. And with monthly billing, a client is always reluctant to pick up the telephone to discuss their case for fear of adding to the total debt. Clients facing tax problems are also interested more in results than the amount of time spent on their case. When a firm bills hourly, there is no real financial incentive to save the client money.
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- Why is Equity Searchs fee system different from the service firms that bill on an hourly basis?
